Emico Holdings Bhd (-ve)
Shares of Emico (Fundamental: 0.55/3, Valuation: 0.9/3), which remained unchanged at 20.5 sen over the past few weeks, rose 9.8% to 22.5 sen yesterday, after announcing 4QFYMar2015 earnings results. Over 13.6 million shares changed hands, compared to an average of 1.5 million shares over the past 200 days.
Emico chalked up a net profit of RM2.4 million in 4QFY2015, a reversal from a net loss of RM619,000 for 9MFY2015, mainly due to higher contribution from property development division. Meanwhile, revenue increased 8.9% to RM75.4 million in FY2015 on increased sales from manufacturing and trading division.
Based in Penang, Emico mainly manufactures and sells trophies and souvenirs. It is also involved in OEM contract manufacturing of plastic parts, trading and sourcing of home furnishing, as well as property development in Sungai Petani, Kedah and Ayer Tawau, Melaka.
The stock trades at 0.69 times book. No dividend was declared for the past five years.
EMICO (5091) - Stock With Momentum: Emico Holdings
http://www.theedgemarkets.com/my/article/stock-momentum-emico-holdings
